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Smart Logistics Global Limited (SLGB) closed its initial public offering on October 16, 2025, selling 1,000,000 ordinary shares at $5.00 per share for gross proceeds of $5,000,000 before deducting underwriting discounts and other offering expenses.
The Hong Kong-based business-to-business contract logistics solution provider began trading on the NASDAQ Capital Market on October 15, 2025. The company granted underwriters a 45-day option to purchase up to an additional 150,000 ordinary shares at the public offering price, less underwriting discounts, to cover over-allotments.
Craft Capital Management LLC served as the representative of the underwriters, with Revere Securities LLC acting as co-manager for the offering, which was conducted on a firm commitment basis.
The company stated it intends to allocate 50% of the proceeds for infrastructure investments, 30% for working capital and 20% for research and development expenses.
Smart Logistics Global Limited operates as a contract logistics provider in China, focusing on industrial raw materials transportation. The company provides land-only transportation services for institutional clients with long-term contracts and operates a 110,000-square-meter logistics park in Jiangxi Province and seven full-truck load centers in China.
The Securities and Exchange Commission declared the company’s registration statement on Form F-1 effective on September 30, 2025. The offering was made through a prospectus filed with the SEC.